Jobs

Credit Risk Manager at Paelyt

Paelyt is an innovative financial services company (payments, loans, and savings), and technology solutions provider. We possess several money lending products, including Traders/agents, Device financing, Supplier financing, Salaries, etc. Our payment platform, Paytrx, facilitates seamless and secure payments across several online and offline channels. Through partnerships with clients our solutions are functional at key banks and financial institutions. Our primary focus is on business-to-business (B2B) and business-to-business-to-customer(B2B2C) financial services.

We are recruiting to fill the position below:

Job Title: Credit Risk Manager

Location: Lekki Pennisula, Lagos
Employment Type: Full-time

Summary

The Credit Risk Manager will develop, implement and maintain credit policies and procedures to alleviate losses and maintain capital.

Job Responsibilities

Ensure the company achieves its bad debt, non-performing loans targets and meets other credit risk performance related key performance indicators.
Liaise with appropriate regulatory authorities with respect to credit risk management activities
Lead the implementation of credit related business rules during workflow or system automation (Core Banking Application inclusive)
Coach all stakeholders with respect to credit risk management policies, practices and standards
Play lead role in projects to collect data, analyze data and automate credit decision making
Prepare timely, comprehensive and reliable credit risk reports to stakeholders at all levels
Provide projections on the impact of credit exposures on the company’s future profitability
Make recommendations to management to address identified weaknesses in the company’s credit policies and practices
Develop, implement and maintain the credit risk policy, procedures and systems
Clearly define the risk acceptance criteria for the different products and services
Improve the quality (timeliness, process, cover, etc.) of the credit appraisal process
Support the execution of credit related processes to identify potential financial, operational, regulatory/compliance and reputational risks
Review and approve credit related waivers
Monitor and flag violations of credit policies
Proactively identify problem accounts and make timely recommendations for remedial action
Analyze and report delinquent accounts
Improve recovery rate
Develop and manage the departmental budget and contribute actively to the preparation of the company wide budget
Manage and supervise subordinates in the achievement of the department’s goals
Other task assigned to you from time to time based on business priorities.

Required Qualification

First Degree or equivalent in numerate related discipline.
Postgraduate/professional qualification in a numerate field will be an added advantage.
Minimum of eight (8) years’ relevant work experience, with at least two (2) years in a managerial role, leadership and credit risk management.

Skills:

Good knowledge of the finance industry
In-depth understanding FinTech business and products
Hands-on experience with key stakeholder engagements and deal closure
Excellent leadership skills
Strong strategic and analytical orientation
Highly developed collaborative nature
Attention to details
E-experience in the areas of credit risk management
In-depth credit analysis and risk assessment skills
Good management abilities.
Knowledge of finance, accounting, budgeting, and cost control principles
Ability to analyze financial data and prepare financial reports, plans, and projections.